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Determination Of Income And Employment

Question

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If MPC is 0.75, calculate value of multiplier (K).

Solution

straight K space equals space fraction numerator 1 over denominator 1 minus MPC end fraction space equals space fraction numerator 1 over denominator 1 minus 0.75 end fraction space equals space fraction numerator 1 over denominator 0.25 end fraction space equals space 4

Some More Questions From Determination of Income and Employment Chapter

Calculate consumption level for Y = र 1000 crores if consumption function is C = 300 + 0.5Y.

State relationship between income and consumption.

What is Breakeven point?

What are the types of Propensity to consume?

How does MPC affect level of income?

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